NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Client Profile: Captures risk tolerance, investment horizon, and objectives.
  • Investment Approach: Specified in agreement, aligning with client goals.
  • Fee Structure: Includes management, advisory, or performance-based fees.
  • High Water Mark: Ensures performance fees only on net positive returns.
  • Hurdle Rate: Minimum return threshold for performance fee calculation.

NISM PMS Distributors ( NISM 21A )

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